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Contxto – Brazilian AI startup TEVEC just got a boost with its latest investment round. According to a recent press release, the São Paulo-based startup recently raised R$4 million (almost US$1.2 million). This time, Indicator Capital and Gávea Angels were the investment ringleaders.
What convinced them to place their chips on TEVEC? To put it lightly, it all comes down to one factor: innovation.
“We believe in companies that have innovation in their DNA,” said Luiz Eduardo Moreira Caio, partner at Gávea Angels. “TEVEC is an important vector for the digital transformation process in Brazil.”
Moving forward, TEVEC will use this investment to develop a retail platform called SeeB4 designed to support SME retailers in its native Brazil.
Logistics and supply chain planning
It can be tough competing with big-time retailers when some small business owners are trying to set up shop. So, in the spirit of offering high-tech solutions to more players, TEVEC is developing its SeeB4 platform.
Essentially, this solution automates and predicts sales behavior. In layman’s terms, this means supply chain planning and forecasting become a simple, automated process. SeeB4 also provides recommendations for what retailers should restock on.
For the CEO and founding partner at TEVEC, Bento Ribeiro, the system evens out the playing field for SME retailers.
“The SeeB4 platform comes to democratize and automate supply chain planning for companies of all sizes,” stated Ribeiro. “Sales forecast calculations and replacement suggestions for each product are analyzed by algorithms that ensure stability and efficiency to sell more and better.”
This will be possible thanks to SeeB4’s “Pedido Perfeito,” or Perfect Order service. Based on this feature, deep learning features will make the necessary adjustments to the retail supply, including sales forecasts. As a result, Pedido Perfeito recommends what items need to be restocked, not to mention at which point of sale.
Moreover, users’ wallets won’t agonize in having to complete subscription payments. Instead, users can anticipate a pay-per-use basis, charging less than one Brazilian real per processed item.